A Late Summer Heatwave of Sales in NYC
Summer slowdown. What slowdown? During August 21st to 27th, there were 271 contracts signed in Manhattan, up 12% compared to the previous week, signally a late summer heatwave of sales and a potential...
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Jeff Bezos is crazy about NoMad. Here’s why…
Jeff Bezos’ latest purchase of a $23 million condo at 212 Fifth Avenue brings his overall spending in the luxury NoMad building to well over $100 million. It's a massive amount of money for most investors but for Bezos’ with a net worth o...
July Keeps the Heat on NYC’s Summer Sales
July brought the heat in more ways than one as Manhattan sales for the month registered their best numbers for eight years, confirming that the borough was finally back. Although July is conventionally a slow month, and a 14% drop over June was...
Market Report: A Summer Slowdown Underscores a Still Sizzling NYC Real Estate Market
As temperatures rise, sales traditionally slow. That was the case with last week’s Manhattan sales figures adhering to traditional seasonal norms with 289 contracts reported signed from July 24th to 30th, down 5% from the previous week. It ma...
How Much Value Does a Terrace add to an NYC Home?
During the height of the pandemic, the terrace became as vital as air conditioning in July. In Italy, neighbors conversed, played music, and even went jogging on their terraces, and New York owners and renters cheered on essential workers and r...
Which is Best, an Open Kitchen or a Closed One?
If you’ve watched any of the house flipping shows on TV, you would have noticed that the first thing the designer/flipper says upon walking into an older home, “We can take down this wall and open up the kitchen.” Cue graphics of a wall d...
What’s Best, A River or Park View?
Deciding where to live in Manhattan could be a harder decision than you thought.
Manhattan is like an equatorial rain forest, with buildings leaping higher and higher for light. A room with a view is priceless. When that view also includes a...
Proptech — The Dawn of a New Era
Remember the days when buying a home involved realms of paper, pamphlets, and brochures? Glossy sales material, purchase agreements, and mortgage applications were finally followed by the actual closing docs eating up precious filing cabinet sp...
What Big Tech Knew About New York City That Others Didn’t
How Betting Big on The Big Apple Paid Off
In the midst of the pandemic, when doomsday scenarios were being predicted for Manhattan and residents were fleeing to the Hudson Valley and elsewhere, big tech — Facebook, Google, Amazon and Apple...
What Inflation Means For New York City Real Estate in 2021 and Beyond
As New York City roars back from Covid-19, a perfect storm of opportunity beckons…
Inflation in real estate creates wealth. If you purchased a home twenty years ago and modernized it over time, the appreciation of its value would have crea...